Mando Corp (204320) - Net Assets
Based on the latest financial reports, Mando Corp (204320) has net assets worth ₩1.69 Trillion KRW (≈ $1.14 Billion USD) as of September 2020. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩4.86 Trillion ≈ $3.30 Billion USD) and total liabilities (₩3.18 Trillion ≈ $2.15 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 204320 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.69 Trillion |
| % of Total Assets | 34.7% |
| Annual Growth Rate | -1.34% |
| 5-Year Change | 16.1% |
| 10-Year Change | N/A |
| Growth Volatility | 18.86 |
Mando Corp - Net Assets Trend (2013–2019)
This chart illustrates how Mando Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Mando Corp (204320) total market value.
Annual Net Assets for Mando Corp (2013–2019)
The table below shows the annual net assets of Mando Corp from 2013 to 2019. Also explore how fast is Mando Corp growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2019-12-31 | ₩1.59 Trillion ≈ $1.07 Billion |
+7.01% |
| 2018-12-31 | ₩1.48 Trillion ≈ $1.00 Billion |
+4.92% |
| 2017-12-31 | ₩1.41 Trillion ≈ $957.07 Million |
-6.79% |
| 2016-12-31 | ₩1.52 Trillion ≈ $1.03 Billion |
+10.93% |
| 2015-12-31 | ₩1.37 Trillion ≈ $925.55 Million |
+24.37% |
| 2014-12-31 | ₩1.10 Trillion ≈ $744.20 Million |
-36.11% |
| 2013-12-31 | ₩1.72 Trillion ≈ $1.16 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Mando Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 42.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2019)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩754.54 Billion | 49.91% |
| Common Stock | ₩46.96 Billion | 3.11% |
| Other Components | ₩710.19 Billion | 46.98% |
| Total Equity | ₩1.51 Trillion | 100.00% |
Mando Corp Competitors by Market Cap
The table below lists competitors of Mando Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luoyang Longhua Heat Trans Energy
SHE:300263
|
$1.54 Billion |
|
Elvalhalcor Hellenic Copper and Aluminium Industry S.A
AT:ELHA
|
$1.54 Billion |
|
Shaily Engineering Plastics Limited
NSE:SHAILY
|
$1.54 Billion |
|
Borregaard ASA
OL:BRG
|
$1.54 Billion |
|
Staidson Beijing Biopharma
SHE:300204
|
$1.54 Billion |
|
Avalyn Pharma Inc. Common Stock
NASDAQ:AVLN
|
$1.54 Billion |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
$1.54 Billion |
|
Charter Hall Retail REIT
AU:CQR
|
$1.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mando Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2018 to 2019, total equity changed from 1,415,783,266,690 to 1,511,682,502,680, a change of 95,899,235,990 (6.8%).
- Net income of 110,522,676,440 contributed positively to equity growth.
- Dividend payments of 34,024,670,750 reduced retained earnings.
- Other factors increased equity by 19,401,230,300.
Equity Change Factors (2018 to 2019)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩110.52 Billion | +7.31% |
| Dividends Paid | ₩34.02 Billion | -2.25% |
| Other Changes | ₩19.40 Billion | +1.28% |
| Total Change | ₩- | 6.77% |
Book Value vs Market Value Analysis
This analysis compares Mando Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.68x to 1.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩28867.72 | ₩48400.00 | x |
| 2018-12-31 | ₩30235.86 | ₩48400.00 | x |
| 2019-12-31 | ₩32283.91 | ₩48400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mando Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.85%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 3.04x
- Recent ROE (7.31%) is below the historical average (7.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 10.77% | 3.16% | 1.11x | 3.07x | ₩12.73 Billion |
| 2014 | 4.49% | 2.76% | 0.45x | 3.64x | ₩-58.25 Billion |
| 2015 | 9.52% | 2.37% | 1.27x | 3.15x | ₩-6.40 Billion |
| 2016 | 13.62% | 3.40% | 1.31x | 3.05x | ₩53.03 Billion |
| 2017 | 0.35% | 0.08% | 1.28x | 3.29x | ₩-130.39 Billion |
| 2018 | 7.46% | 1.87% | 1.28x | 3.13x | ₩-35.92 Billion |
| 2019 | 7.31% | 1.85% | 1.30x | 3.04x | ₩-40.65 Billion |
Industry Comparison
This section compares Mando Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $582,480,451,481
- Average return on equity (ROE) among peers: 6.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mando Corp (204320) | ₩1.69 Trillion | 10.77% | 1.88x | $1.54 Billion |
| Hankook Tire Worldwide (000240) | $2.53 Trillion | 17.30% | 1.28x | $1.55 Billion |
| Daewonkangup (000430) | $730.21 Billion | 4.99% | 0.98x | $199.58 Million |
| SG Choongbang Co Ltd (001380) | $123.61 Billion | 1.86% | 0.59x | $36.87 Million |
| Tae Won Mulsan (001420) | $31.38 Billion | 2.60% | 0.35x | $14.86 Million |
| Dongkook Ind (001620) | $176.38 Billion | -1.18% | 2.17x | $161.40 Million |
| PS Tec. Co. Ltd (002230) | $129.92 Billion | 3.00% | 0.19x | $54.63 Million |
| Nexen Tire (002350) | $797.00 Billion | 14.38% | 1.89x | $364.94 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $17.36 Million |
| Dayou A-Tech (002880) | $103.55 Billion | 8.19% | 3.24x | $108.06 Million |
| Yoo Sung Ent (002920) | $168.22 Billion | 0.00% | 0.38x | $31.91 Million |
About Mando Corp
HL Mando Corporation, an electric vehicle and autonomous driving solutions company, provides automotive parts and services in Korea, China, the United States, India, and internationally. The company offers braking systems, such as electronic brakes, electronic parking brakes, and foundation brakes; steering systems, including electric power and mechanical steering systems; and electronic suspensi… Read more